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mortgage loans: Must see videos for first time home buyers - 11/08/10 08:39 AM
HUD has created three videos to help home buyers, especially first time buyers, understand the process better. The videos are very informative and run about 10 minutes each. Check them out at the link below
HUD videos to help home buyers
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mortgage loans: Some of the mortgage loan myths we’ve busted - 09/21/10 08:40 AM
RS from Florida....
A first time homebuyerhad applied with a local military credit union and were prequalified for well over $200k and told to go shopping for a home. Once they found a home and began the loan approval process, their lender said they would only be able to approve them for $135k! Thankfully the Mortgage Myth Busters where called and now this couple will actually be buying their home with a USDA Rural Development loan that was never even offered by the other lender! Did we mention that since a recently deployed veteran is a co-buyer, they will be qualifying … (6 comments)

mortgage loans: FHA mortgage insurance changes explained - 09/02/10 09:53 AM
Last night we finally got our mortgagee letter detailing the changes we have all been anticipating. Although there was little if any surprise, the devil is in the details these days.
Do you want to know those details? Feel free to click over to our Mortgage Myth Busters site for the scoop!

New FHA mortgage insurance premiums are formally announced
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mortgage loans: USDA Rural Development loans are back! - 05/27/10 11:07 AM
The USDA issued a memo yesterday, May 26, 2010, reauthorizing the issuance of conditional commitments for USDA loans. What that means is that your better lenders (the ones that usually close USDA loans while funds are waiting to be allocated) will immediately be able to continue closing loans. The amount that has been authorized is $2.5 billion and it's expected that new funding will be available from Congress before this is exhausted (there are currently a few bills, but HR 4899 is the most likely to pass quickly- possibly by today).
Do know this money comes at a cost. Per the memo, … (11 comments)

 
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Gerry Suarez Jr- Your FHA Loan Pro!

Mount Dora, FL

More about me…

Mortgage Financial Group, Inc.

Address: 725 E. Alfred St, Tavares, FL, 32778

Office Phone: (352) 742-7900

Cell Phone: (352) 516-9884

Email Me

Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!


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